Jim Chanos has been increasingly vocal about his bearishness on green energy, particularly solar. In April he was quite vocal about his short interest and the issues at First Solar (FSLR). According to the WSJ, he also highlighted Vestas Wind Systems (VWSYF) as a company that could go much lower. Both stocks continued lower today with First Solar taking out another key support area around the $120 level.
===> Click Here For Your … Read the rest
Vestas just announced that it has received its largest order ever for a single site, 570MW worth of turbines to be used in Terra-Gen’s Alta Wind Energy Center in California.
Per the agreement, Vestas is responsible for delivering and commissioning as well as 5 years worth of service and maintenance. The first 50 turbines will be delivered and brought online by the end of this calendar year, and the remaining turbines will be up and … Read the rest
Employees at the Isle of Wight Vestas Wind (VWSYF) turbine plant continue to protest company plans to close down the plant and eliminate hundreds of jobs due to weak demand and lack of government initiatives to promote green energy. CEO Ditlev Engel said building wind turbines in Britain was “extremely time-consuming and extremely complicated”.
The goal of the employees is to force the government hand in providing more funding for green energy projects, just as … Read the rest
Vestas Wind Systems (VWSYF) is the largest wind energy company in the world so its earnings reports provide a good barometer of the state of the sector. The Danish company posted big revenue and earnings growth in 2008, but as always the market places the most importance on the future. The company didn’t disappoint there either, maintaining estimates for this year but did acknowledge that job cuts aren’t out of the question if the global … Read the rest
Vestas Wind Systems has announced it will invest $350 million in its Tianjin, China subsidiary. This investment will position the company to meet China’s increasing hunger for wind energy. Vestas has received several large orders from China in the past month and in the past year. As CleanTech Group LLC notes, investing in its Chinese subsidiary is smart because China is such an important and growing market for wind power:
… Read the restChina is a significant market
With the Obama administration just weeks away from move in day, there are quite a few articles out there being written about ways to play the coming infrastructure and green energy boom. Much has been made of Obama’s plan to decrease our dependence on foreign oil and to a lesser degree, plans to spend big on infrastructure. Certainly infrastructure and green energy will be two big themes over the next 4 years and possibly beyond, … Read the rest
In an article over at Kiplingers, Laura Cohn discusses some renewable energy plays that could begin running again due to Obama’s clean energy policies, which include deriving 10% of electricity from renewable energy sources within just the next few years.
– Vestas Wind Systems (VWSYF.PK)
The Danish company trades on the pink sheets and is the world’s leading supplier of wind turbines with a market share of 23%
– First Solar (FSLR)… Read the rest